The UK Treasury has stood by its position on the collapse of Icesave, as the head of the Dutch central bank accused the Icelandic government of misleading it about its financial system. . .

Mr Wellink told a parliamentary committee in the Netherlands that he had been given false assurances by Icelandic government officials and regulators about the safety of the banks.

Matt Patterson, spokesman for the UK Treasury, declined to comment on Mr Wellink's remarks but said all three parties were trying to reach an agreement on the issue. . .

Gylfi Magnusson, minister of economic affairs for Iceland, said in a statement: "We take such allegations very seriously.

"One of the tasks before us is to understand whether false or misleading information was presented by the Icelandic banks, regulators and government officials to foreign regulatory agencies in the months leading up to the collapse of the banking system in October 2008."  FT Adviser website 11-Feb-10.

http://www.ftadviser.com/FinancialAdviser/Regulation/Regulators/Treasury/News/article/20100211/19bd2134-125e-11df-bbca-0015171400aa/Treasury-awaits-results-of-probe-into-Icesaves-past.jsp